US equities remain choppy, with most indexes set for net daily gains of some degree. The s/t cyclical setup threatens a little cooling into the close/early Wednesday. The USD remains a pressure, +0.3% at DXY 93.98.
sp’60min
VIX’60min
Summary
The micro 5/15min cycles are on the high side, and some cooling is a threat.
Best guess.. 3320/40 zone on Wed’, before another rollover. Thursday threatens renewed ‘drama’.
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notable stock: NKE
The Dow component of Nike has earnings in AH, and those should be ‘reasonable’.
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notable stock: KBH
KB Home has earnings in AH, and those could be expected to be rather good, after sister stock TOL.
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notable stock: BAC
Reflective of the sector… a rough day.
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notable stock: AMZN
Upgraded by Bernstein to outperform, p/t… unknown.
back at the close…